3 Year return

5.78%
Launched on July 2019 (5 years)

Investment Details

₹NA

Minimum SIP Amount

₹1000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low Risk

Your principal will be at

Low Risk

Scheme Information

Asset Under Management

₹202.48 Cr.

Expense Ratio

0.09% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
3

Ratings by other agencies

4
0
0

Tax Implications

Tax on gains as per your income tax bracket

Fund Holdings

Holdings

Mahindra Manulife Mutual Fund Managers

RP

Rahul Pal

Fund Manager since Apr 2022

View Details

Fund House Details

Mahindra Manulife Mutual Fund

Mahindra Manulife Mutual Fund Asset management company

AUM ₹22,564.81 Cr.
No. of Schemes 64
Setup Date 4 February 2016

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

PGIM India Overnight Fund

5.76%

4

DSP Overnight Fund

5.78%

4.5

HSBC Overnight Fund

5.79%

2

Schemes by Mahindra Manulife Mutual Fund

List of mutual fund schemes by AMC

Key Features of The Fund

5-year return 4.86%
Expense Ratio 0.09%
Fund Manager Rahul Pal
Fund Size ₹202.48 Cr
Risk Profile Low

AMC Contact Details

Name Mahindra Manulife Mutual Fund
Launch Date 4 February 2016
Addresss 1st Floor,Sadhna House, 570, P.B Marg, Worli, Mumbai - 400018
Contact 022 6632 7900 / 1800 419 6244
Email mfinvestors@mahindra.com
Website https://www.mahindramanulife.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Investments Efficiently

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FAQs

What is today's NAV of Mahindra Manulife Overnight Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mahindra Manulife Overnight Fund Oct 06 2024 is 1281.3218

What is the AUM of Mahindra Manulife Overnight Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mahindra Manulife Overnight Fund is 202.48 crore.

What is the expense ratio of Mahindra Manulife Overnight Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mahindra Manulife Overnight Fund is 0.09%

What are the returns of Mahindra Manulife Overnight Fund since inception?

The Mahindra Manulife Overnight Fund was launched on Jul 22 2019. The fund has delivered a CAGR of 4.87 since inception.

What is the minimum SIP amount to invest in Mahindra Manulife Overnight Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mahindra Manulife Overnight Fund is 0.

How do I invest in Mahindra Manulife Overnight Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mahindra Manulife Overnight Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mahindra Manulife Overnight Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mahindra Manulife Overnight Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.